Business

New Ford CEO makes first big management change

Mark Fields appointed Kumar Galhotra president of the Lincoln line effective Sept. 1. Galhotra, currently Ford’s vice president of engineering, takes up the task from Jim Farley to turn around Lincoln, where sales have fallen 65 percent from a 1990 peak.

Business

O’Reilly Automotive reports a 16 percent profit increase

The Springfield, Mo.-based chain earned $206 million in the second quarter on sales of $1.85 billion. For the first half of 2014, earnings climbed 14 percent from the same period a year earlier to $380 million. Sales for the first six months of 2014 climbed 8 percent to $3.58 billion.

Business

Facebook 2Q earnings, revenue soar

Facebook is on a roll. The world's largest online social network posted sharply higher earnings on Wednesday as revenue from mobile advertising continued to grow, and more people used it, more often.

Workplace

Alliance Data’s Lenexa customer service center will expand

Alliance Data Retail Services expects to beef up its existing 500 jobs by 200 more by the end of this year and by an additional 300 in two to three years. A 33,000-square-foot expansion is to be completed next month. The center at 8035 Quivira Road is one of seven Alliance Data Systems Corp. contact facilities nationwide.

Today's Market

A one-stop shop for dorm decor

Jeff Gawronski founded DormCo.com four years ago with a business model that takes a few pages from Amazon’s playbook. DormCo carries about 4,500 products, including comforters, lamps and other lights, futons, loungers, benches and other seating, and customized products such as lofted beds.

SEC votes to end $1 a share for some money funds

Regulators have voted by a narrow margin to end a longtime staple of the investment industry — the fixed $1 share price for money-market mutual funds — at least for some money funds used by big investors.

A one-stop shop for dorm decor

Jeff Gawronski founded DormCo.com four years ago with a business model that takes a few pages from Amazon’s playbook. DormCo carries about 4,500 products, including comforters, lamps and other lights, futons, loungers, benches and other seating, and customized products such as lofted beds.

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Waddell & Reed Financial tops the rankings

The Overland Park mutual fund manager has outpaced rivals in attracting investors’ dollars by its strong performance and variety of offerings. And the Ivy Funds, which Waddell manages alongside its Waddell & Reed Funds, had a big hand in this year’s showing.

Waddell & Reed Financial tops the rankings

The Overland Park mutual fund manager has outpaced rivals in attracting investors’ dollars by its strong performance and variety of offerings. And the Ivy Funds, which Waddell manages alongside its Waddell & Reed Funds, had a big hand in this year’s showing.

Today's Circulars

Business

Business

Stopping deadly oil train fires: New rules planned

Responding to a series of fiery train crashes, the government proposed rules Wednesday that would phase out tens of thousands of older tank cars that carry increasing quantities of crude oil and other highly flammable liquids through America's towns and cities.